{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1021.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1021.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1021.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1021.html"}],"law_id":79476,"edition_id":1,"section_id":79476,"structure_id":15724,"section_number":"38.2-1021","catch_line":"Change of domicile of foreign insurer to another foreign state","history":"1983, c. 441, \u00a7 38.1-951; 1986, c. 562.","full_text":"Any foreign insurer licensed to transact the business of insurance in this Commonwealth, upon proper notice to the Commission, may change its domicile to another foreign state without interruption in licensing and without reapplying as a foreign insurer if:\n\n1\n\nFor a foreign stock insurer, the change in domicile does not result in a reduction in its capital and surplus to policyholders below the capital and surplus requirements for licensure specified in § 38.2-1028;2\n\nFor a foreign mutual insurer, the change in domicile does not result in a reduction in its surplus below the surplus requirements for licensure specified in § 38.2-1029;3\n\nThere is no substantial change in the lines of insurance to be written by the insurer;4\n\nThere is no substantial change in the nature of the insurer or its method of operations and there is no deterioration in its financial condition; and5\n\nThe change in domicile has been approved by the supervising regulatory officials of both the former and new state of domicile.","order_by":null,"text":{"0":{"id":284707,"text":"Any foreign insurer licensed to transact the business of insurance in this Commonwealth, upon proper notice to the Commission, may change its domicile to another foreign state without interruption in licensing and without reapplying as a foreign insurer if:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":284708,"text":"For a foreign stock insurer, the change in domicile does not result in a reduction in its capital and surplus to policyholders below the capital and surplus requirements for licensure specified in § 38.2-1028;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":284709,"text":"For a foreign mutual insurer, the change in domicile does not result in a reduction in its surplus below the surplus requirements for licensure specified in § 38.2-1029;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":284710,"text":"There is no substantial change in the lines of insurance to be written by the insurer;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":284711,"text":"There is no substantial change in the nature of the insurer or its method of operations and there is no deterioration in its financial condition; and","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":284712,"text":"The change in domicile has been approved by the supervising regulatory officials of both the former and new state of domicile.","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4"}},"ancestry":[{"id":15724,"edition_id":1,"name":"Redomestication of Insurers","identifier":"4","label":"article","depth":3,"order_by":1,"parent_id":12858,"metadata":{},"date_created":"2026-06-26 03:58:23","date_modified":"2026-06-26 03:58:23","permalink":{"id":210999,"object_type":"structure","relational_id":15724,"identifier":"4","token":"38.2\/10\/4","url":"\/38.2\/10\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12858,"edition_id":1,"name":"Organization, Admission and Licensing of Insurers","identifier":"10","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:43:57","date_modified":"2026-06-26 03:43:57","permalink":{"id":210851,"object_type":"structure","relational_id":12858,"identifier":"10","token":"38.2\/10","url":"\/38.2\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60287,"structure_id":15724,"section_number":"38.2-1019","catch_line":"Change of status from foreign to domestic insurer","url":"\/38.2-1019\/","token":"38.2\/10\/4\/38.2-1019","metadata":false},{"id":83082,"structure_id":15724,"section_number":"38.2-1020","catch_line":"Transfer of domicile from Virginia to another state","url":"\/38.2-1020\/","token":"38.2\/10\/4\/38.2-1020","metadata":false},{"id":79476,"structure_id":15724,"section_number":"38.2-1021","catch_line":"Change of domicile of foreign insurer to another foreign state","url":"\/38.2-1021\/","token":"38.2\/10\/4\/38.2-1021","metadata":false},{"id":87297,"structure_id":15724,"section_number":"38.2-1022","catch_line":"Commission to be notified of proposed transfer of domicile","url":"\/38.2-1022\/","token":"38.2\/10\/4\/38.2-1022","metadata":false},{"id":86929,"structure_id":15724,"section_number":"38.2-1023","catch_line":"Effect of transfer of domicile on certificate of authority, agents' appointments and licenses, etc","url":"\/38.2-1023\/","token":"38.2\/10\/4\/38.2-1023","metadata":false}],"previous_section":{"id":83082,"structure_id":15724,"section_number":"38.2-1020","catch_line":"Transfer of domicile from Virginia to another state","url":"\/38.2-1020\/","token":"38.2\/10\/4\/38.2-1020","metadata":false},"next_section":{"id":87297,"structure_id":15724,"section_number":"38.2-1022","catch_line":"Commission to be notified of proposed transfer of domicile","url":"\/38.2-1022\/","token":"38.2\/10\/4\/38.2-1022","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1021\/","history_text":"

This law was first created in 1983. The record of its establishment is cataloged in chapter 441 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1983 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1986, chapter 562.<\/p>","references":false,"refers_to":[{"id":85672,"section_number":"38.2-1028","catch_line":"Additional licensing requirements for stock insurers","order_by":null,"url":"\/38.2-1028\/"},{"id":79650,"section_number":"38.2-1029","catch_line":"Additional licensing requirements for mutual insurers","order_by":null,"url":"\/38.2-1029\/"}],"permalink":{"id":211009,"object_type":"law","relational_id":79476,"identifier":"38.2-1021","token":"38.2\/10\/4\/38.2-1021","url":"\/38.2-1021\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1021\/","token":"38.2\/10\/4\/38.2-1021","dublin_core":{"Title":"Change of domicile of foreign insurer to another foreign state","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1021","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any foreign insurer<\/span> licensed to transact the business of insurance<\/span> in this Commonwealth, upon proper notice to the Commission<\/span>, may change its domicile to another foreign state<\/span> without interruption in licensing and without reapplying as a foreign insurer<\/span> if:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> For a foreign stock insurer<\/span>, the change in domicile does not result in a reduction in its capital and surplus to policyholders<\/span> below the capital and surplus requirements for licensure specified in § 38.2-1028<\/a>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> For a foreign mutual insurer<\/span>, the change in domicile does not result in a reduction in its surplus below the surplus requirements for licensure specified in § 38.2-1029<\/a>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> There is no substantial change in the lines of insurance<\/span> to be written by the insurer<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> There is no substantial change in the nature of the insurer<\/span> or its method of operations and there is no deterioration in its financial condition; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The change in domicile has been approved by the supervising regulatory officials of both the former and new state<\/span> of domicile. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCHANGE OF DOMICILE OF FOREIGN INSURER TO ANOTHER FOREIGN STATE (\u00a7 38.2-1021)\n\nAny foreign insurer licensed to transact the business of insurance in this\nCommonwealth, upon proper notice to the Commission, may change its domicile to\nanother foreign state without interruption in licensing and without reapplying\nas a foreign insurer if:\n\n1. For a foreign stock insurer, the change in domicile does not result in a\nreduction in its capital and surplus to policyholders below the capital and\nsurplus requirements for licensure specified in § 38.2-1028;\n\n2. For a foreign mutual insurer, the change in domicile does not result in a\nreduction in its surplus below the surplus requirements for licensure specified\nin § 38.2-1029;\n\n3. There is no substantial change in the lines of insurance to be written by the\ninsurer;\n\n4. There is no substantial change in the nature of the insurer or its method of\noperations and there is no deterioration in its financial condition; and\n\n5. The change in domicile has been approved by the supervising regulatory\nofficials of both the former and new state of domicile.\n\nHISTORY: 1983, c. 441, \u00a7 38.1-951; 1986, c. 562.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}